All About R&D Tax Incentive

The R&D tax incentive is a program administered by the Australian Taxation Office (ATO). It encourages businesses to invest in research and development (R&D) activities. The incentive provides a tax offset of eligible R&D expenditure. To be eligible for the R&D tax incentive, your business must: Carry on an eligible R&D activity Expend money on […]

Cleaning Business Tax Returns and Deduction

Are you in the cleaning business? Did you know that there are quite a number of tax deductions that you should include in your tax returns? Cleaning jobs are quite demanding and for most cleaners, they do not even have time to think about tax. There are so many expenses that you incur throughout the[.....]
Tax Deductions for food delivery drivers in Australia

Uber Eats and Other Delivery Drivers: Here Are the Tax Deductions to Maximize Refund In 2021

Nonetheless, irrespective of the amount of money you will make as a food delivery driver from Uber Eats, Menulog, Deliveroo, DoorDash or any other food delivery company there is a legal requirement to declare the income to the ATO. If you need any assistance, Accurate Business & Accounting Services is here to help you. Food[…..]

Simple Guide to GST in Australia

According to ATO Goods and services tax (GST) is a broad-based tax of 10% on most goods, services and other items sold or consumed in Australia. Is it compulsory for all businesses to register for GST? Not all businesses need to register for GST. Businesses with annual turnover of $75,000 or more must register for[…..]